Mutuality of Obligation

Also found in: Legal, Acronyms

0.01 sec.

The state in which both parties to a contract are required to perform some service. For example, one party may make a widget and the other may pay for it. Mutuality of obligation is one of the conditions that must exist for a contract to be legal and enforceable.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
contract Mutual			The public witness provided by that willing mutuality of obligation lies close to what St. Maundy Thursday: April 5, 2007 by Heider, George C. / Currents in Theology and Mission for example, the court rejected the defense argument that the plaintiff's continuing to work for the defendant after the arbitration policy went into effect proved mutuality of obligation. The menace of mandatory arbitration: Arbitration clauses require ... by Osborne, Tom / Trial Although Tyson wanted the case heard in arbitration rather than in open court, the Supreme Court said "an arbitration agreement in contracts they executed with appellees, who are hog farmers, lacks mutuality of obligation and, thus, is unenforceable. Tyson Foods a loser in two lawsuits by Bruegge, Laura / Arkansas Business			Mustard Gas Mutaqabbil Mutilated Security Mutua Mutual Mutual Assent Mutual Association Mutual Atomic Energy Reinsurance Pool Mutual Company Mutual Exclusion Doctrine Mutual Fund Mutual Fund Cash-to-Assets Ratio Mutual Fund Custodian Mutual Fund Liquidity Ratio Mutual Fund Share Class Mutual Fund Theorem Mutual Fund Timing Mutual Insurance Company Mutual Life-Assurance Company Mutual Mortgage Insurance Fund Mutual Offset Mutual Recognition Agreement Mutual Savings Bank Mutual Will Mutual-Fund Advisory Program Mutuality of Obligation Mutualization Mutualization of Risk Mutually Exclusive Mutually Exclusive Investment Mutually Exclusive Investment Decision Mutually Exclusive Investment Decisions Mutually Owned Stock Exchange Mutui a pagamento graduale Mutuo a pagamento rapido Mutuo casa Mutuo chirografario Mutuo ipotecario Muzuna MV MVQ MVR MW MWK MX MXN MXP MXV MY Myong-Dong MYR			mutualising mutualism mutualism mutualism mutualism Mutualisms Mutualisms Mutualisms mutualist mutualist mutualist Mutualist Credit Guarantee Scheme Mutualista Israelita Del Uruguay mutualistic mutualistic mutualistic mutualistically mutualistically mutualistically Mutualists Mutualists Mutualists Mutualité Chrétienne Mutualité Fonction Publique Mutualité Sociale Agricole mutuality mutuality mutuality mutuality mutuality of interest Mutuality of Obligation mutuality of phases mutualization mutualization Mutualization of Risk mutualize mutualize mutualized mutualized Mutualized Access Point mutualizes mutualizes mutualizing mutualizing mutually mutually mutually mutually Mutually Adaptive Learning Paradigm mutually agreeable Mutually Agreeable Commercial Software mutually agreed Mutually Agreed Positions Mutually Agreed Terms Mutually Agreed Voluntary Lay-off Mutually Aided Cooperative Thrift Society mutually assent Mutually assured destruction Mutually assured destruction Mutually assured destruction Mutually Assured Economic Destruction

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.